Average High Low (in millions of $) Equities Foreign exchange ─ __ Interestrate ... aggregate VaR was $3.3 million, with the interestrate VaR being the largest component ... The market risk of trading portfolios is managed daily within the framework of a specific policy for that purpose. The main tool used to measure the market risk of trading portfolios is “Value-at-Risk” (VaR), which represents an estimate

We maintained our equity exposure at close to the maximum allowed level for most periods of the year. Equity selections were focused mainly in large caps and high dividend ... we have equity exposure in Singapore only. KVF 1 year fund performance review

Interestraterisk (%) The table below summarizes the Fund’s exposure to interestraterisk by remaining term to maturity as at: December 31 June 30 Term ... 2013, had prevailing interestrates risen or lowered by 1%, with all other factors ... payable by each series of the Fund are calculated at the following annual percentages